Alberto Sanchez #natgas #oott #ongt #eft
Production ↘️ TuesdayFx
#LNG ↗️ ish
Demand ↗️
WX ↘️
Sentiment ⬇️

I've never pretended to be a rocket scientist, but I can spot a trend! Oil prices should climb higher when folks realize the US is no longer growing production and is weaker in its ability to ramp up further than it has been since pre-covid days. #EFT #OOTT #ONGT $XLE $XOP $OIH

Here's a chart for those of the bullish persuasion. Asia is pulling in record amounts of #LNG from non-Asia sources for this time of year. Qatar & the US are the primary sources. Russia too. Note that Asian LNG production is largely unchanged, so this is all about the pull. #ONGT

#natgas #oott #ongt #eft
Production ↗️
LNG ↘️
Demand ⬆️

The 2 largest sources of #methane in the world are #Texas and #California . USA are we going to lead or are we just going to keep talking out of our necks and pointing fingers to look away? #EFT #OOTT #ONGT
data.carbonmapper.org/#3.61/36.31/-8…

Live look at Methane Stats in the Permian Basin...
#EFT #OOTT #ONGT #fintwit #methane #flaring
Link to free vis tool: data.carbonmapper.org/#7.61/32.069/-…

🇨🇳China's strong yuan policy should support demand for copper, gold, silver and oil & gas even as the Fed dithers. #Mining #OOTT #ONGT $USDCNH 3/3

📓Read more from the April INK Top 20 Mining Report & Crypto-equities Report: x.com/Canadianinside…

May - #NatGas #naturalgas #ONGT - Data

There is a bullish divergence in European natural #gas 🇪🇺🔥 spreads. 📈

#ONGT #NG_F #TTF $UNG $NGAS $BOIL $KOLD $FCG

Europe imported 8.6mt of #LNG in April, up from 8.1mt in March. A year earlier, imports were 11.8mt.
#natgas #TTF #ONGT

Freeport LNG is once again entirely offline as feed gas flows ran near 50 MMcf/d for the last two days, implying they are only flowing enough gas to run onsite auxiliary power rather than flowing to any of the liquefaction units. #natgas #ongt #freeportlng

Freeport LNG has struggled to maintain a full flow rate for Train 3 since restarting the unit over the weekend. Inflows ran at >0.5 Bcf/d on 4/21-4/22, but they backed down to 0.39 Bcf/d and 0.42 Bcf/d in the past two days. #natgas #ongt #lng

$XOM US liquids production -4%, US gas production -1% #EFT #OOTT #ONGT

You'd never know it looking at this chart, but European gas demand in April shot up strongly in the 2nd half of the month, rising almost 200 Mcm/d higher than the first half, which is unusual. LDC markets in Germany, the UK, France, & Italy all perked up. #ONGT Center on Global Energy Policy

$FANG 'We need (natural gas) pipes being built every 12-18 months to keep gas from being bottlenecked in the Permian' #EFT #ONGT #OOTT

Interesting comment on $CVX web re flaring. Rystad Energy essentially found that all Permian associated gas was effectively flared 22 days that year. Hopefully RE will perform the same study this year for comparison. $XOM $OXY $FANG $DVN $EOG #EFT #OOTT #ONGT MethaneSAT

Energy transition in the U.S. #ongt

Norway will engage in 40-50 Mcm/d of field and processing plant maintenance through the end of May, which should drop average pipeline exports below 300 Mcm/d. A much larger maintenance will occur in early September taking down 100 Mcm/d. #ONGT

US #DOE natural gas storage change for week ending 4/19/24
#oott #ongt #natgas #EIA
Actual : +92 bcf
5yr avg : +54

Half of this 100 Mcm/d Y/Y decrease in #LNG imports in 2024 is coming from US and Qatari volume shifts to Asia due to higher relative netbacks and stronger demand. During April, the heaviest cuts came in sales to Turkey from both sources. Plus, it's already hot in Asia. #ONGT